S.I. No. 660/2011 - Finance Act 2011 (Section 20) (Commencement) Order 2011.

1. This Order may be cited as the Finance Act 2011 (Section 20) (Commencement) Order 2011.

2. The first day of January 2012 is appointed as the day on which

section 20

of the

Finance Act 2011

(No. 6 of 2011), insofar as it is not in operation, comes into operation.

GIVEN under my Official Seal,

13 December 2011.

MICHAEL NOONAN,

Minister for Finance.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This order brings into operation on 1 January 2012 the provisions of

section 20

of the

Finance Act 2011

, other than subsection (2) which came into force on 1 January 2011. The provisions covered by this Commencement Order provide for substantial reform of the operation of relevant contracts tax (RCT).

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

23

rd December

, 2011.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by

section 20

(4)(

a

) of the

Finance Act 2011

(No. 6 of 2011), hereby order as follows